Tim Panaccio of CSN Philadelphia and Darren Dreger of TSN report the contract is for five years and $22.5 million, an average annual value of $4.5 million. ESPN.com's Pierre LeBrun reports the contract includes a no-movement clause.

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Lecavalier was the object of a dozen teams' affection after the Lightning bought out the final seven years of his contract. Tampa Bay will pay him $32.667 million over the next 14 years.

Lecavalier has 14 years of experience in the NHL, all with Tampa Bay, which took him with the No. 1 pick in the 1998 NHL Draft. The 33-year old has averaged 27 goals per season throughout his career. He scored 10 goals and finished with 32 points in 32 games for the Lightning in 2012-13.

Lecavalier has 383 goals and 874 points in 1,037 regular-season games; he was a member of Tampa Bay's Stanley Cup-winning team in 2004, when he scored nine goals and finished with 16 points.

Lecavalier won the Rocket Richard Trophy in the 2006-07 season after posting an NHL-best 52 goals; he finished third in the scoring race with 108. In 2008, he was the recipient of the NHL's King Clancy Memorial Trophy, which is awarded to the player who best exemplifies leadership qualities on and off the ice and has made a noteworthy humanitarian contribution to his community.